The fee simple or leasehold interest (as noted below) in all that real property being situate in Baltimore City, Maryland, and the improvements thereon (each, a “Property” and collectively, the “Properties”), being more particularly described in the Deed of Trust, and generally known as: (i) leasehold interest in 1004 E. Biddle Street, Baltimore, Maryland 21202, subject to the payment of annual rent of $38.00 payable half-yearly on the 1st days of January and July in each and every year; (ii) fee simple interest in 1012 N. Monroe Street, Baltimore, Maryland 21217; (iii) leasehold interest in 2702 Harlem Avenue, Baltimore, Maryland 21216, subject to the payment of annual rent of $96.00 payable half-yearly on the 8th days of February and August in each and every year; and (iv) leasehold interest in 2721 Presbury Street, Baltimore, Maryland 21216, subject to the payment of annual rent of $96.00 payable half-yearly on the 5th days of January and July in each and every year.





TERMS OF SALE: The Substitute Trustees will offer each Property for sale individually at each, respective premises at the times set forth above. A deposit in the amount of Seven Thousand Dollars ($7,000.00), payable in cash, certified check, or other form acceptable to the Substitute Trustees, in their sole and absolute discretion, will be required of the purchaser(s) of each Property at the time and place of sale. Each deposit must be increased to 10% of the purchase price within two (2) business days, and delivered to the office of the auctioneer in the same form as the initial deposit. The balance of the purchase price shall be due in cash or by certified check with interest on the unpaid balance of the purchase price at the rate of ten percent (10%) per annum from the date of sale to and including the date of settlement. In the event the Noteholder, or an affiliate thereof, is the successful bidder at any sale, such party will not be required to make a deposit or to pay interest on the unpaid purchase money. Taxes, water charges, ground rent, if any, and all other municipal charges and liens owed against the Properties shall be the sole responsibility of the purchaser(s) and shall be paid for by the purchaser(s) at settlement. The Substitute Trustees reserve the right to reject any and all bids, and to extend the time for settlement, if applicable.



The Properties will be sold in an "AS IS" condition and without any warranties or representations, either express or implied, as to the nature, condition or description of the improvements. In addition, the Properties will also be sold subject to all existing housing, building and zoning code violations, subject to all critical area and wetland violations, subject to all environmental problems and violations which may exist on or with respect to the Properties, and subject to all matters and restrictions of record affecting the same, if any. The purchaser(s) at the foreclosure sale shall assume the risk of loss for the above-referenced Properties immediately after the sale takes place. It shall be the purchaser(s)' responsibility to obtain possession of the Properties following ratification of the sale by the Circuit Court for Baltimore City, Maryland.



The Properties will be sold subject to all of the following that are not extinguished as a matter of law by the foreclosure sale: all easements, conditions, liens, restrictions, rights of redemption, covenants, encumbrances, ground rents, ground leases, such state of facts that an accurate survey or physical inspection of the Properties might disclose, and agreements of record affecting the same, if any.



The purchaser(s) shall pay all documentary stamps, state and local transfer taxes, recordation taxes and fees, title examination costs, attorneys' fees, conveyance fees and all other incidental settlement costs. The purchaser(s) shall settle and comply with the sale terms within twenty (20) days following th